AUDUSD H4: Bearish outlook seen, further downside below 0.6780

On the H4 timeframe, prices have fallen below a key support-turned-resistance zone at 0.6780, which is in line with the 38.2% Fibonacci retracement. A pullback to this zone presents an opportunity to play the drop to the support zone at 0.6700, in line with the graphical low and 23.6% Fibonacci extension. Prices are holding below the Ichimoku cloud, supporting the bearish bias.